For the first time in 10 weeks, the government recorded an oversubscription of its treasury bills sale.

However, it paid a higher price for the 91-day bill which it received bids worth GH¢4.689 billion before achieving its target. 

According to auction results from the Bank of Ghana, the government got GH¢5.529 billion from all the bids tendered, about 2.40% more than the target.ed amount

All the bids were accordingly accepted.

The 91-day bill received the bulk of the bids of GH¢4.689 billion, about 84% of the total bids.

About GH¢594 million of the bids came from the 182-day bill, whilst GH¢245.74 million were made up of the 364-day bills.

Meanwhile, interest rates were mixed across the yield curve.

Whilst the yield on the 91-day bill went up marginally that of the 182-day and 364-day bills declined slightly.

The yield on the 91-day bill was 24.91%, higher than the 24.90% recorded a week ago.

The rate on the 182-day bill went down by 2.0 basis points to 26.78%, whereas that of the 364-day bill also declined to 28.07%, from the previous week’s 27.91%.

Inflation eased marginally last week. This could push interest rates down but albeit slowly.

Samuel Okudzeto Ablakwa, Member of Parliament for North Tongu, has expressed outrage over the government’s prolonged failure to assist individuals affected by the Akosombo Dam spillage.

Despite the disaster occurring almost a year ago, many affected persons remain in camps without receiving compensation or necessary support to resume their lives.

Addressing a stakeholder public hearing, Ablakwa revealed that over 1,300 affected persons still live in camps, criticising the government’s approach as inadequate.

He highlighted the government’s inter-ministerial committee’s failure to engage with MPs from impacted areas, despite being established to address the issue.

“You heard the government set up a 30-member committee. We are the inter-ministerial committee. To be very honest with you, we are very disappointed that that committee has not met us even once. I mean, a lot of the members, we are in parliament with them. I would have thought that even if it’s parliament, we can meet here.”

“We can even meet at the cafeteria, even over coffee that, oh, share data with us or tell us what is happening. You know, not one meeting, not so, we don’t know if it was just maybe an announcement for the public for some cosmetic reason, but we don’t know.

The chiefs time without a number, they will even call us. You are in parliament with them. When is the committee coming? and we can’t provide answers because we are not, we haven’t been engaged.”

President Nana Addo Dankwa Akufo-Addo has cautioned that a vote for John Dramani Mahama and the National Democratic Congress (NDC) in the upcoming December 7 elections would lead Ghana back to a period of underdevelopment and hardship.

He argued that Mahama and the NDC have nothing new to offer the country and urged Ghanaians to reject them at the polls.

Speaking during the sod-cutting ceremony for the expansion of the Tema Motorway, President Akufo-Addo emphasized that Dr. Mahamudu Bawumia is the best candidate to lead Ghana’s development and ensure continued progress.

“We are going forward. We are not going back to the era of stagnation and non-performance. We are going forward with [Dr. Mahamudu] Bawumia to a better, more inclusive and more prosperous Ghana.”